Barroso wins new term as head of EU executive

European Commission President Jose Manuel Barroso secured a second five-year term on Wednesday in a vote at the European Parliament. Of the assembly's 736 deputies, 382 voted for the 53-year-old centre-right leader

World stocks at new 11-month high

World equities rose on Wednesday to new 11-month highs, after upbeat U.S. data boosted faith in an economic recovery, persuading more investors to sell their low-yield dollars to buy growth-oriented stocks and

Asian stocks hit 2009 highs

Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low.

60% of Americans find Wall St pay unreasonable

A majority of Americans believe Wall Street executive compensation is "unreasonable," and that bankers fared better than others during the financial crisis, a poll conducted for Reuters shows. But while Americans may

Cyprus labour costs rose by 4.4% in Q2 2009

Cyprus’ labour cost index rose by 4.4% in the second quarter of 2009, compared with the same period last year, according to estimates published by Eurostat. For the same period, Eurozone’s labour